BI Asset Management Fondsmaeglerselskab A S Invests $715,000 in Nio Inc – (NYSE:NIO)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Nio Inc – (NYSE:NIOFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 78,821 shares of the company’s stock, valued at approximately $715,000.

Several other large investors have also recently modified their holdings of the stock. Prudential PLC raised its stake in shares of NIO by 0.9% in the third quarter. Prudential PLC now owns 177,715 shares of the company’s stock worth $1,607,000 after purchasing an additional 1,641 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of NIO by 9.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock valued at $182,000 after purchasing an additional 1,816 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in NIO by 15.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company’s stock valued at $133,000 after purchasing an additional 1,962 shares during the period. Fountainhead AM LLC boosted its holdings in NIO by 20.0% in the fourth quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock worth $109,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in NIO by 11.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company’s stock worth $181,000 after purchasing an additional 2,092 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NYSE:NIO opened at $5.25 on Thursday. The business’s 50-day simple moving average is $4.81 and its two-hundred day simple moving average is $6.21. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $16.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13.

NIO (NYSE:NIOGet Free Report) last issued its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. During the same period last year, the business posted ($0.51) EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Nio Inc – will post -1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NIO shares. Barclays reissued an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Mizuho reissued a “neutral” rating and issued a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Macquarie assumed coverage on shares of NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price target for the company. Jefferies Financial Group lowered their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $4.80 to $5.40 in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.48.

View Our Latest Report on NIO

NIO Profile

(Free Report)

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

Further Reading

Institutional Ownership by Quarter for NIO (NYSE:NIO)

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